Byggmstare Anders (Sweden) Market Value
Byggmstare Anders' market value is the price at which a share of Byggmstare Anders trades on a public exchange. It measures the collective expectations of Byggmstare Anders J investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Byggmstare Anders J and determine expected loss or profit from investing in Byggmstare Anders over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
| Symbol | Byggmstare |
Byggmstare Anders 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Byggmstare Anders' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Byggmstare Anders.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Byggmstare Anders on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Byggmstare Anders J or generate 0.0% return on investment in Byggmstare Anders over 720 days. Byggmstare Anders is related to or competes with Creades AB, ALM Equity, Awardit AB, and Avensia Publ. Byggmstare Anders J Ahlstrm Holding AB invests in listed and unlisted small and medium-sized companies in Sweden and the... More
Byggmstare Anders Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Byggmstare Anders' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Byggmstare Anders J upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.12 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.91 |
Byggmstare Anders Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Byggmstare Anders' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Byggmstare Anders' standard deviation. In reality, there are many statistical measures that can use Byggmstare Anders historical prices to predict the future Byggmstare Anders' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.6958 |
Byggmstare Anders Backtested Returns
Byggmstare Anders secures Sharpe Ratio (or Efficiency) of -0.057, which signifies that the company had a -0.057% return per unit of standard deviation over the last 3 months. Byggmstare Anders J exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Byggmstare Anders' mean deviation of 0.9946, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Byggmstare Anders are expected to decrease at a much lower rate. During the bear market, Byggmstare Anders is likely to outperform the market. At this point, Byggmstare Anders has a negative expected return of -0.0704%. Please make sure to confirm Byggmstare Anders' coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Byggmstare Anders performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Byggmstare Anders J has poor reverse predictability. Overlapping area represents the amount of predictability between Byggmstare Anders time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Byggmstare Anders price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Byggmstare Anders price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 626.26 |
Byggmstare Anders lagged returns against current returns
Autocorrelation, which is Byggmstare Anders stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Byggmstare Anders' stock expected returns. We can calculate the autocorrelation of Byggmstare Anders returns to help us make a trade decision. For example, suppose you find that Byggmstare Anders has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Byggmstare Anders regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Byggmstare Anders stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Byggmstare Anders stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Byggmstare Anders stock over time.
Current vs Lagged Prices |
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Byggmstare Anders Lagged Returns
When evaluating Byggmstare Anders' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Byggmstare Anders stock have on its future price. Byggmstare Anders autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Byggmstare Anders autocorrelation shows the relationship between Byggmstare Anders stock current value and its past values and can show if there is a momentum factor associated with investing in Byggmstare Anders J.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Byggmstare Stock Analysis
When running Byggmstare Anders' price analysis, check to measure Byggmstare Anders' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Byggmstare Anders is operating at the current time. Most of Byggmstare Anders' value examination focuses on studying past and present price action to predict the probability of Byggmstare Anders' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Byggmstare Anders' price. Additionally, you may evaluate how the addition of Byggmstare Anders to your portfolios can decrease your overall portfolio volatility.